Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2017 | Dec. 08, 2017 | |
Document and Entity Information: | ||
Entity Registrant Name | U-Mind Space, Inc. | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2017 | |
Trading Symbol | orfn | |
Amendment Flag | false | |
Entity Central Index Key | 1,560,449 | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 203,999,991 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q3 |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Sep. 30, 2017 | Dec. 31, 2016 |
CURRENT ASSETS | ||
Cash and equivalents | $ 35 | |
Total current assets | 35 | |
TOTAL ASSETS | 35 | |
CURRENT LIABILITIES | ||
Accounts payable and accrued expenses | $ 12,000 | 15,000 |
Other payable | ||
Due to related parties | 15,603 | |
Notes payable | 4,046 | |
Total current liabilities | 16,046 | 30,603 |
STOCKHOLDERS' DEFICIT | ||
Preferred stock, par value $0.001 per share, 5,000,000 shares authorized; 0 and 8 shares issued and outstanding as of September 30, 2017 and December 31, 2016 | ||
Common stock, par value $0.0001 per share, 250,000,000 shares authorized; 3,999,991 and 3,954,991 shares issued and outstanding as of September 30, 2017 and December 31, 2016 | 400 | 395 |
Additional paid in capital | 371,029 | 321,741 |
Accumulated deficit | (387,475) | (352,704) |
Total stockholders' deficit | $ (16,046) | (30,568) |
TOTAL LIABILITIES AND EQUITY | $ 35 |
BALANCE SHEETS PARENTHETICAL
BALANCE SHEETS PARENTHETICAL - $ / shares | Sep. 30, 2017 | Dec. 31, 2016 |
BALANCE SHEETS PARENTHETICAL | ||
Preferred stock par value | $ 0.001 | $ 0.001 |
Preferred stock shares authorized | 5,000,000 | 5,000,000 |
Preferred stock shares issued | 8 | |
Preferred stock shares outstanding | 8 | |
Common stock par value | $ 0.0001 | $ 0.0001 |
Common stock shares authorized | 250,000,000 | 250,000,000 |
Common stock shares issued | 3,999,991 | 3,954,991 |
Common stock shares outstanding | 3,999,991 | 3,954,991 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
STATEMENTS OF OPERATIONS | ||||
Revenue | ||||
Operating Expenses | 6,069 | 14,387 | 34,771 | 14,579 |
Total operating expenses | 6,069 | 14,387 | 34,771 | 14,579 |
Loss from operations | (6,069) | (14,387) | (34,771) | (14,579) |
Other Income (Expense) | ||||
Interest expense | ||||
Loss before income tax | (6,069) | (14,387) | (34,771) | (14,579) |
Income tax provision | ||||
Net loss | $ (6,069) | $ (14,387) | $ (34,771) | $ (14,579) |
Basic and diluted weighted average shares outstanding | 3,999,991 | 3,171,683 | 3,983,178 | 2,942,026 |
Basic and diluted net loss per share | $ 0 | $ 0 | $ (0.01) | $ 0 |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (34,771) | $ (14,579) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Stock Issued as Compensation | 1,800 | 2,911 |
Stock Issued as Compensation-Related Party | 2,420 | |
Change in (Increase) decrease in payables | (3,000) | |
Net cash used in operating activities | (35,971) | (9,248) |
Cash flows from financing activities: | ||
Increase (decrease) in due to related party | (15,603) | 9,249 |
Increase (decrease) in note payable | 4,046 | 0 |
Increase (decrease) in common stock | (157,799) | 0 |
Increase (decrease) in additional paid in capital | 205,292 | |
Net cash provided by financing activities | 35,936 | 9,249 |
NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS | (35) | 1 |
CASH AND EQUIVALENTS, BEGINNING OF PERIOD | 35 | 7 |
CASH AND EQUIVALENTS, END OF PERIOD | 8 | |
Supplemental cash flow data: | ||
Income tax paid | ||
Interest paid |
Note 1 - Organization and Natur
Note 1 - Organization and Nature of Business | 9 Months Ended |
Sep. 30, 2017 | |
Notes | |
Note 1 - Organization and Nature of Business | Note 1 - Organization And Nature of Business U-Mind Space, Inc. (f/k/a Orion Financial Group, Inc.) (the Company), was incorporated in the state of Wyoming on March 26, 2012 with an authorized capital of 100,000,000 shares, which was subsequently increased to 250,000,000 shares of common stock, par value of $0.001 per share. On August 21, 2017, the majority controlling stockholder of the Company, Joshua Nadav entered into a Share Purchase Agreement (the SPA) with U-Mind Club, Inc. (Club). The SPA was a result of a privately negotiated transaction, and on August 31, 2017, in connection with the closing of the SPA, the control block of voting stock of the Company, represented by Mr. Nadavs 93,522,000 shares of common stock (the Shares) was transferred to Sehee Lee, Chairman of the Board of Directors of U-Mind Club, Inc., for $275,000 which resulted in a change of control of the Company. Effective upon the closing date of the SPA, Joshua Nadav resigned from his positions as President, CEO, CFO, Secretary, Treasurer, and Chairman of the Board of Directors and released the Company from all accounts payable and loans due to related parties. Further, effective as of the same closing date, Joshua Nadav appointed Sehee Lee as Chairman of the Board of Directors and Jae Yoon Chung as President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Director of Orion Financial Group, Inc. On September 12, 2017, pursuant to majority stockholder consent, the Companys Board of Directors authorized an amendment (the "Amendment") to our Certificate of Incorporation, as amended, to (i) change the name of the Registrant to U-Mind Space, Inc., (ii) decrease the number of shares of common stock that the Corporation is authorized to issue from Two Hundred Fifty Five Million (255,000,000) to Two Hundred Fifty Million (250,000,000), (iii) increase the number of shares of Preferred Stock that the Registrant is authorized to issue from none (0) to Five Million (5,000,000), (iv) change the par value of common stock from $0.001 to $0.0001 and (v) a one (1) for forty (40) reverse stock split of the Registrants outstanding Common Stock to which every forty (40) shares of outstanding Common Stock of the Corporation shall be converted into one (1) share of Common Stock, with an effective date of September 28, 2017. On September 27, 2017 the Financial Industry Regulatory Authority, (FINRA) notified the Registrant that the Name Change and Reverse Stock Split would take effect on September 28, 2017 (the "Effective Date"). The Reverse Stock Split was retroactively stated for the periods covered by the financial statements included herein. |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2017 | |
Notes | |
Note 2 - Summary of Significant Accounting Policies | Note 2 - Summary of Significant Accounting Policies Basis of Presentation The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with generally accepted accounting principles in the United States. The results for the three months ended September 30, 2017 are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Companys Annual Report on Form 10-K for the year ended December 31, 2016, filed with the Securities and Exchange Commission. The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at September 30, 2017, and for the related periods presented. Use Of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. Earnings (LOSS) per Share The Company computes net earnings per share in accordance with ASC 260 Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including stock options, using the treasury stock method, and convertible preferred stock, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential common shares if their effect is anti-dilutive. Income Taxes The Company accounts for income taxes under Section 740-10-30 of the FASB ASC, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statements of operations in the period that includes the enactment date. The estimated future tax effects of temporary differences between the tax basis of assets and liabilities are reported in the accompanying balance sheets, as well as tax credit carry-backs and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its balance sheets and provides valuation allowances as management deems necessary. Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In addition, the Company operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions. In managements opinion, adequate provisions for income taxes have been made for all years. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary. UNCERTAIN TAX POSITIONS The Company follows paragraph 740-10-25 of the FASB ASC. Paragraph 740-10-25-13 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under paragraph 740-10-25-13, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest associated with unrecognized tax benefits are classified as interest expense and penalties are classified in selling, general and administrative expenses in the statements of income. The Company did not take any uncertain tax positions and had no unrecognized tax liabilities or benefits in accordance with the provisions of Section 740-10-25 at September 30, 2017 or December 31, 2016. The tax years 2014-2016 remain open to examination for federal income tax purposes and by the other major taxing jurisdictions to which the Company is subject. SHARE-BASED COMPENSATION The Company accounts for share-based compensation awards to employees in accordance with FASB ASC Topic 718, Compensation Stock Compensation, which requires that share-based payment transactions with employees be measured based on the grant-date fair value of the equity instrument issued and recognized as compensation expense over the requisite service period. The Company accounts for share-based compensation awards to non-employees in accordance with FASB ASC Topic 718 and FASB ASC Subtopic 505-50, Equity-Based Payments to Non-employees. Share-based compensation associated with the issuance of equity instruments to non-employees is measured at the fair value of the equity instrument issued or committed to be issued, as this is more reliable than the fair value of the services received. The fair value is measured at the date that the commitment for performance by the counterparty has been reached or the counterpartys performance is complete. Recent Accounting Pronouncements The Company does not expect the adoption of any recently issued accounting pronouncements to have a significant effect on its financial statements. |
Note 3 - Going Concern
Note 3 - Going Concern | 9 Months Ended |
Sep. 30, 2017 | |
Notes | |
Note 3 - Going Concern | Note 3 Going Concern The Companys financial statements are prepared using generally accepted accounting principles applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not established any source of revenue to cover its operating costs. If the Company is unable to obtain revenue producing contracts or financing, or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholders. These conditions raise substantial doubt as to the Companys ability to continue as a going concern. |
Note 4 - Equity
Note 4 - Equity | 9 Months Ended |
Sep. 30, 2017 | |
Notes | |
Note 4 - Equity | Note 4 Equity As of September 30, 2017, the Company had 250,000,000 shares of Voting Common Stock authorized at $0.0001 par value. There were 3,999,991 (post 40:1 reverse split on September 28, 2017) shares outstanding. The Company also had authorized 5,000,000 Shares of Preferred Stock with a par value of $0.001. There were zero Series A Voting Preferred Shares outstanding as of September 30, 2017, as the company retired 8 outstanding preferred shares from June 30, 2017. During the nine months ended September 30, 2017, the company issued 45,000 (post 40:1 reverse split) common shares, which were issued as stock compensation with fair value of $1,800. |
Note 5- Income Taxes
Note 5- Income Taxes | 9 Months Ended |
Sep. 30, 2017 | |
Notes | |
Note 5- Income Taxes | Note 5 Income Taxes The Company did not have taxable income for the period from January 1, 2014 through September 30, 2017. The Companys deferred tax assets consisted of the following as of December 31: 9/30/2017 12/31/2016 Net operating losses carried forward $ 131,742 $ 119,919 Valuation allowance (131,742 ) (119,919 ) Net deferred income tax asset $ 0 $ 0 As of September 30, 2017, the Company had a net operating loss (NOL) carry-forward for income tax reporting purposes of $387,475 that may be offset against future taxable income through 2037. Current tax laws limit the amount of loss available to be offset against future taxable income when a substantial change in ownership occurs. Therefore, the amount available to offset future taxable income may be limited. No tax benefit has been reported in the financial statements, because the Company believes there is a 50% or greater chance that the realization of the Companys net deferred tax assets resulting from NOL carry-forwards will expire unused. Accordingly, the potential tax benefits of the loss carry-forwards are offset by a valuation allowance of the same amount. |
Note 6- Commitments and Conting
Note 6- Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2017 | |
Notes | |
Note 6- Commitments and Contingencies | Note 6 Commitments and Contingencies During the third quarter ended September 30, 2017, the Companys former major shareholder and CEO Joshua Nadav paid $6,066 for the Companys certain operating expenses, and also paid $14,750 which was recorded as Accrued Expenses due to selling of all his shares of the Company and resignation from the Company during the quarter. The Company adjusted these released liabilities and forgiven amount to the Additional Paid in Capital accordingly. |
Note 7- Notes Payable
Note 7- Notes Payable | 9 Months Ended |
Sep. 30, 2017 | |
Notes | |
Note 7- Notes Payable | Note 7 NOTES PAYABLE As of September 30, 2017, the Company had two notes payable outstanding. The first note was issued on July 30, 2016, in the principal amount of $1,666, with an interest rate of 6% per annum with maturity on March 31, 2017. In the event of default, the lender may convert the promissory notes into common shares at the conversion rate or par value per share. As of the date of this Report, the lender had not converted this note into shares of the Companys common stock. The second note was issued on December 20, 2016, in the principal amount of $2,379, with an interest of 6% per annum with maturity on March 31, 2017. In the event of default, the lender may convert the promissory notes into common shares at the conversion rate or par value per share. As of the date of this Report, the lender had not converted this note into shares of the Companys common stock. |
Note 8- Related Party Transacti
Note 8- Related Party Transactions | 9 Months Ended |
Sep. 30, 2017 | |
Notes | |
Note 8- Related Party Transactions | Note 8 Related party transactions As of December 31, 2016, there was due to our former CEO, founder and other related parties of $15,603. On June 1, 2017, there was a private share transaction involving our former CEO, founder and other related parties. This transaction constituted a change in the control block of the Company. All company debt was assumed by these private individuals recorded as a capital contribution other than two convertible notes totaling $4,046 assigned to a non-related individual as described in Note 7. The Notes were due on March 31, 2017. In the event of default, the lender may convert the promissory notes into common shares at the conversion rate or par value per share. As of the date of this Report, the lender had not converted this note into shares of the Company's common stock. |
Note 9- Subsequent Event
Note 9- Subsequent Event | 9 Months Ended |
Sep. 30, 2017 | |
Notes | |
Note 9- Subsequent Event | Note 9 subsequent event On October 30, 2017, the Company entered into a Stock Purchase Agreement (the "SPA") with Sehee Lee, the Chairman of the Board of Directors of the Company. Pursuant to the terms of the SPA, the Company agreed to issue to Mr. Lee or his designees an aggregate of 200,000,000 shares of the Company's common stock. As payment for the Shares, Mr. Lee has previously advanced to the Company $50,000, and agreed to pay an additional $50,000 not later than November 10, 2017. |
Note 2 - Summary of Significa15
Note 2 - Summary of Significant Accounting Policies: Use of Estimates (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Policies | |
Use of Estimates | Use Of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Note 2 - Summary of Significa16
Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Policies | |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. |
Note 2 - Summary of Significa17
Note 2 - Summary of Significant Accounting Policies: Earnings (loss) Per Share (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Policies | |
Earnings (loss) Per Share | Earnings (LOSS) per Share The Company computes net earnings per share in accordance with ASC 260 Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including stock options, using the treasury stock method, and convertible preferred stock, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential common shares if their effect is anti-dilutive. |
Note 2 - Summary of Significa18
Note 2 - Summary of Significant Accounting Policies: Income Taxes (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Policies | |
Income Taxes | Income Taxes The Company accounts for income taxes under Section 740-10-30 of the FASB ASC, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statements of operations in the period that includes the enactment date. The estimated future tax effects of temporary differences between the tax basis of assets and liabilities are reported in the accompanying balance sheets, as well as tax credit carry-backs and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its balance sheets and provides valuation allowances as management deems necessary. Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In addition, the Company operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions. In managements opinion, adequate provisions for income taxes have been made for all years. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary. |
Note 2 - Summary of Significa19
Note 2 - Summary of Significant Accounting Policies: Uncertain Tax Positions (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Policies | |
Uncertain Tax Positions | UNCERTAIN TAX POSITIONS The Company follows paragraph 740-10-25 of the FASB ASC. Paragraph 740-10-25-13 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under paragraph 740-10-25-13, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest associated with unrecognized tax benefits are classified as interest expense and penalties are classified in selling, general and administrative expenses in the statements of income. The Company did not take any uncertain tax positions and had no unrecognized tax liabilities or benefits in accordance with the provisions of Section 740-10-25 at September 30, 2017 or December 31, 2016. The tax years 2014-2016 remain open to examination for federal income tax purposes and by the other major taxing jurisdictions to which the Company is subject. |
Note 2 - Summary of Significa20
Note 2 - Summary of Significant Accounting Policies: Share-based Compensation (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Policies | |
Share-based Compensation | SHARE-BASED COMPENSATION The Company accounts for share-based compensation awards to employees in accordance with FASB ASC Topic 718, Compensation Stock Compensation, which requires that share-based payment transactions with employees be measured based on the grant-date fair value of the equity instrument issued and recognized as compensation expense over the requisite service period. The Company accounts for share-based compensation awards to non-employees in accordance with FASB ASC Topic 718 and FASB ASC Subtopic 505-50, Equity-Based Payments to Non-employees. Share-based compensation associated with the issuance of equity instruments to non-employees is measured at the fair value of the equity instrument issued or committed to be issued, as this is more reliable than the fair value of the services received. The fair value is measured at the date that the commitment for performance by the counterparty has been reached or the counterpartys performance is complete. |
Note 2 - Summary of Significa21
Note 2 - Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Policies | |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company does not expect the adoption of any recently issued accounting pronouncements to have a significant effect on its financial statements. |
Note 5- Income Taxes_ Schedule
Note 5- Income Taxes: Schedule of Deferred Tax Assets (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Tables/Schedules | |
Schedule of Deferred Tax Assets | 9/30/2017 12/31/2016 Net operating losses carried forward $ 131,742 $ 119,919 Valuation allowance (131,742 ) (119,919 ) Net deferred income tax asset $ 0 $ 0 |
Note 4 - Equity (Details)
Note 4 - Equity (Details) - USD ($) | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Details | |||
Common stock shares authorized | 250,000,000 | 250,000,000 | |
Common stock par value | $ 0.0001 | $ 0.0001 | |
Common stock shares outstanding | 3,999,991 | 3,954,991 | |
Preferred stock shares authorized | 5,000,000 | 5,000,000 | |
Preferred stock par value | $ 0.001 | $ 0.001 | |
Preferred stock shares outstanding | 8 | ||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 45,000 | ||
Stock Issued as Compensation | $ 1,800 | $ 2,911 |
Note 5- Income Taxes_ Schedul24
Note 5- Income Taxes: Schedule of Deferred Tax Assets (Details) - USD ($) | Sep. 30, 2017 | Dec. 31, 2016 |
Details | ||
Deferred Tax Assets, Operating Loss Carryforwards | $ 131,742 | $ 119,919 |
Deferred Tax Assets, Valuation Allowance | (131,742) | (119,919) |
Deferred Tax Assets, Net of Valuation Allowance | $ 0 | $ 0 |
Note 5- Income Taxes (Details)
Note 5- Income Taxes (Details) | Sep. 30, 2017USD ($) |
Details | |
Operating Loss Carryforwards | $ 387,475 |
Note 6- Commitments and Conti26
Note 6- Commitments and Contingencies (Details) | 9 Months Ended |
Sep. 30, 2017USD ($) | |
Details | |
Increase (Decrease) in Other Accrued Liabilities | $ 6,066 |
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities | $ 14,750 |
Note 7- Notes Payable (Details)
Note 7- Notes Payable (Details) | Sep. 30, 2017USD ($) |
Notes payable | $ 4,046 |
Notes Payable 1 | |
Notes payable | 1,666 |
Notes Payable 2 | |
Notes payable | $ 2,379 |
Note 8- Related Party Transac28
Note 8- Related Party Transactions (Details) - USD ($) | Sep. 30, 2017 | Dec. 31, 2016 |
Details | ||
Due to Related Parties, Current | $ 15,603 | |
Notes payable | $ 4,046 |